Tellurian (TELL) Announces Stock Offering, Size not Disclosed
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Tellurian (TELL) Prices 35M Share Public Offering of Common Stock for Gross Proceeds $105M
August 4, 2021 6:50 AM EDTTellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today announced that it has priced a public offering of 35,000,000 shares of its common stock for total gross proceeds to Tellurian (before underwriters compensation and estimated expenses) of $105 million. The Company has granted the underwriter of the offering a 30-day option to purchase up to 5,250,000 additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for general corporate purposes, including the potential acquisition of upstream assets. The offering is expected to... More
